Market Research

A Electricity Meters Market, By Type (Smart Meters

Best Price Guarantee Length Publisher Published Date SKU
from $4,500 170 Pages Coherent Market Insights August, 2024 CMI19226709
Best Price Guarantee
Price from $4,500
Length 170 Pages
Publisher Coherent Market Insights
Published Date August, 2024
SKU CMI19226709

Electricity Meters Market, By Type (Smart Meters, Analog Meters, and Digital Meters), By Technology (Advanced Metering Infrastructure and Automated Meter Reading), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)


Electricity meters are devices that record the amount of electric energy consumed by residential, commercial, and industrial users. Conventionally, these meters had analog mechanisms to record consumption. However, with advancements in technology, smart electricity meters have been gaining traction. Smart meters record consumption digitally at pre-set intervals and transmit the data to utility providers. They enable two-way communication between the meter and central system, allowing remote meter reading, outage notification, and load management. Development of smart grids has boosted adoption of smart electricity meters that can support integrated communication networks.

Market Dynamics:

Global electricity meters market growth is primarily driven by ongoing infrastructure modernization initiatives by utilities and governments worldwide. Replacement of aging analog networks with advanced metering infrastructure (AMI) has been a key focal area. Growing adoption of decentralized renewable energy and emphasis on energy efficiency through demand response programs can boost meter installation rates. However, high initial installation costs associated with AMI rollouts can hamper the market growth. Data privacy and security concerns related to networked meters can also hamper the market growth. Meanwhile, technological advancements in communication infrastructure, remote connectivity solutions, and meter data management systems are widening the scope of application. Penetration of smart grid projects and integration of electric vehicle charging infrastructure with smart meter networks present lucrative opportunities for manufacturers.

Key features of the study:
  • This report provides in-depth analysis of the global electricity meters market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global electricity meters market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Siemens AG, Schneider Electric SE, Itron, Inc., Landis+Gyr, General Electric Company, Honeywell International Inc., Sensus (Xylem Inc.), Elster Group GmbH, Kamstrup A/S, Mitsubishi Electric Corporation, Iskraemeco d.d., Aclara Technologies LLC, Echelon Corporation, Wasion Group Holdings Ltd., and Datang Telecom Technology Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • Global electricity meters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electricity meters market

    • Detailed Segmentation-
  • By Type Insights (Revenue, US$ Bn, 2019 - 2031)
  • Smart Meters
  • Analog Meters
  • Digital Meters
  • By Technology Insights (Revenue, US$ Bn, 2019 - 2031)
  • Advanced Metering Infrastructure (AMI)
  • Automated Meter Reading (AMR)
  • By End User Insights (Revenue, US$ Bn, 2019 - 2031)
  • Residential
  • Commercial
  • Industrial
  • Regional Insights (Revenue, US$ Bn, 2019 - 2031)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Siemens AG
  • Schneider Electric SE
  • Itron, Inc.
  • Landis+Gyr
  • General Electric Company
  • Honeywell International Inc.
  • Sensus (Xylem Inc.)
  • Elster Group GmbH
  • Kamstrup A/S
  • Mitsubishi Electric Corporation
  • Iskraemeco d.d.
  • Aclara Technologies LLC
  • Echelon Corporation
  • Wasion Group Holdings Ltd.
  • Datang Telecom Technology Co., Ltd.


    • 1. Research Objectives and Assumptions
    Research Objectives
    Assumptions
    Abbreviations
    2. Market Purview
    Report Description
    Market Definition and Scope
    Executive Summary
    Market Snippet, By Type
    Market Snippet, By Technology
    Market Snippet, By End User
    Market Snippet, By Region
    3. Market Dynamics, Regulations, and Trends Analysis
    Market Dynamics
    Drivers
    Restraints
    Market Opportunities
    Regulatory Scenario
    Industry Trend
    Merger and Acquisitions
    New System Launches/Approvals
    Impact of COVID-19 Pandemic
    4. Global Electricity Meters Market, By Type, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Smart Meters
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Analog Meters
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Digital Meters
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    5. Global Electricity Meters Market, By Technology, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Advanced Metering Infrastructure (AMI)
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Automated Meter Reading (AMR)
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    6. Global Electricity Meters Market, By End User, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Residential
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Commercial
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Industrial
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    7. Global Electricity Meters Market, By Region, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, By Region, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    North America
    Regional Trends
    Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
    Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    U.S.
    Canada
    Europe
    Regional Trends
    Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
    Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    Germany
    U.K.
    Spain
    France
    Italy
    Russia
    Rest of Europe
    Asia Pacific
    Regional Trends
    Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
    Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    China
    India
    Japan
    ASEAN
    Australia
    South Korea
    Rest of Asia Pacific
    Latin America
    Regional Trends
    Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
    Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    Brazil
    Argentina
    Mexico
    Rest of Latin America
    Middle East
    Regional Trends
    Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
    Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    Israel
    GCC Countries
    Rest of the Middle East
    Africa
    Regional Trends
    Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
    Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    South Africa
    North Africa
    Central Africa
    8. Competitive Landscape
    Company Profiles
    Siemens AG
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Schneider Electric SE
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Itron, Inc.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Landis+Gyr
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    General Electric Company
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Honeywell International Inc.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Sensus (Xylem Inc.)
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Elster Group GmbH
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Kamstrup A/S
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Mitsubishi Electric Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Iskraemeco d.d.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Aclara Technologies LLC
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Echelon Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Wasion Group Holdings Ltd.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Datang Telecom Technology Co., Ltd.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    9. Analyst Recommendations
    Wheel of Fortune
    Analyst View
    Coherent Opportunity Map
    10. Research Methodology
    References
    Research Methodology
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